IMF
Economy
Samaras Plans Post-Loan Cabinet Shakeup
Once Greece gets a long-delayed $38.8 billion installment from international lenders – now expected to be Dec. 5 - Greek Prime Minister Antonis Samaras reportedly will reshuffle his Cabinet and reward his coalition partners, PASOK Socialist leader Evangelos Venizelos...
Economy
Greece's Big Week: EU Showdowns
Having secured reluctant Parliamentary approval of a $17.45 billion spending cut and tax hike plan demanded by international lenders, Greek Prime Minister Antonis Samaras is preparing for a week of meeting European Union leaders in the hopes they will...
Economy
Lagarde Says Greece Needs Solution
As Greece waits fretfully for whether Eurozone leaders this week will release a delayed $38.8 billion installment needed to keep the country’s economy afloat, International Monetary Fund (IMF) chief Christine Lagarde said a permanent answer must be found to...
Economy
Greek Coalition Reels, Awaits EU on Loan
Prime Minister Antonis Samaras is struggling to keep his uneasy coalition together in an attempt to present a united front before Eurozone finance ministers meet on Nov. 20 to consider approving a long-delayed $38.8 billion loan installment, and as...
Greece
Acquitted Greek Journalist Prosecuted Again
Investigative journalist Costas Vaxevanis, who was acquitted of violation of privacy laws after publishing the names of 2,059 Greeks with $1.95 billion in secret accounts in a Swiss bank he said hadn’t been checked for possible tax evasion, is...
Economy
Lagarde on Greece: "Not Over Till the Fat Lady Sings"
International Monetary Fund Managing Director Christine Lagarde said on Friday it is important that a crucial Eurogroup meeting next week on Greece forges a deal that will put the insolvent country΄s economy on sustainable path — though differences remain...
Economy
IMF: 120% Debt Ratio By 2020 is Fund's Red Line For Greek Program
The International Monetary Fund's long-held debt-reduction target for Greece is non-negotiable, a fund official said Thursday, adding that the IMF's European bailout partners must take "other actions" to cut the beleaguered country's debt profile.
"Critical to us is Greece's debt...
Economy
Lagarde Assures All Partners Have Same Aim to Rescue Greece
The International Monetary Fund (IMF) has given an assurance that "all partners share the same objective" to rescue Greece's economy.
"All partners share the same objective and concern to make sure Greece is back on track and can return to...
Economy
Thessaloniki Mayor Refuses Layoff Order
Thessaloniki’s Leftist Mayor Yiannis Boutaris, who earlier said he could operate the city with half its staff, now has refused government orders to lay off workers as demanded by international lenders, a stance that has other mayors across Greece...
Economy
Greece Raises $5.15 Billion to Cover Loan
Waiting on a desperately-needed $38.8 billion installment from international lenders as the country is running out of cash, Greece raised 4.06 billion euros ($5.15 billion) on Nov. 13 from the sale of short-term treasury bills – money it will...